Schoenherr Prague has advised EVO Payments International on the creation of a long-term strategic alliance with Moneta Money Bank for payment acceptance services to the bank's retail customers. Weil, Gotshal & Manges advised Moneta Money Bank on the deal.
EVO Payments International is a payments service provider of merchant acquiring and processing solutions for retail customers, financial institutions, government organizations, and multinational corporations located throughout North America and Europe.
Moneta Money Bank is an independent Czech bank with shares listed and traded on the Prime Market of Prague Stock Exchange since 2016.
According to Schoenherr, EVO announced at the end of April that it would provide Moneta retail customers with "a wide range of secure payment processing services, innovations in digital transactions, and advanced technologies to support the bank's strategic growth objectives in commercial banking."
The Schoenherr team consisted of Partners Vladimir Cizek and Volker Weiss, Senior Associates Jitka Kadlcikova, Natalie Rosova, and Denisa Assefova, Associate Rudolf Bicek, and Junior Associate Claudia Bock.
The Weil team consisted of Partners Karel Muzikar and Karel Drevinek, Senior Associate Pavel Grim, and Associate Ivo Trojan.